04-04-2024 10:58 AM | Source: Accord Fintech
RBL Bank soars on reporting 19% growth in gross advances in Q4FY24

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RBL Bank is currently trading at Rs. 258.05, up by 5.65 points or 2.24% from its previous closing of Rs. 252.40 on the BSE.

The scrip opened at Rs. 259.95 and has touched a high and low of Rs. 266.55 and Rs. 255.65 respectively. So far 608884 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 300.50 on 11-Jan-2024 and a 52 week low of Rs. 138.85 on 19-May-2023.

Last one week high and low of the scrip stood at Rs. 266.55 and Rs. 242.10 respectively. The current market cap of the company is Rs. 15935.31 crore.

The Institutions holding in the company stood at 48.02%, while Non-Institutions held 51.98% in the company.

RBL Bank’s gross advances stood at Rs 85,640 crore (provisional) as of March 31, 2024 (Q4FY24), posting a 19% rise in year-on-year (YoY) terms against Rs 71,857 crore as of March 31, 2023. Total deposits grew 22% to Rs 103,454 crore (provisional) as of March 31, 2024, as compared to Rs 84,887 crore as of March 31, 2023.

CASA stood at Rs 36,448 crore (provisional) as of March 31, 2024, posting a 15% rise in year-on-year terms against Rs 31,717 crore as of March 31, 2023. Retail Liquidity Coverage Ratio Deposits stood at Rs 43,139 crore (provisional) as of March 31, 2024, posting a 17% rise in year-on-year terms against Rs 36,934 crore as of March 31, 2023.

CASA Ratio stood at 35.2% as of March 31, 2024 versus 37.4% as of March 31, 2023. The Liquidity Coverage Ratio (LCR) stood at 140% as of March 31, 2024 versus 126% as of March 31, 2023.

RBL Bank operates as a scheduled commercial bank. The bank offers its services under the various business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets.